Nonprofit · EIN 85-2584555
ED BROWN SOCIETY INC
Tax-exempt (reinstated) · LEXINGTON, KY 40517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $300,714 | $294,589 | $6,125 | $6,125 | $0 | $6,125 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,714
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $22,323
- Salaries, compensation and benefits (total)
- $29,409
- Professional fundraising fees
- $0
- Legal fees
- $10,000
- Accounting fees
- $773
- Occupancy
- $19,092
- Travel
- $17,548
- Program services (functional)
- $254,884
- Management and general (functional)
- $39,705
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $6,125
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,125
- Gross receipts
- $300,714
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLARK WILLIMAS | PRESIDENT Officer | 15 | $16,250 |
| GREG HARBUT | CHAIRMAN Officer | 5 | $5,000 |
| KATRICE ALBERT | DIRECTOR Trustee or director | 2 | $0 |
| KATHY EDWARDS | DIRECTOR Trustee or director | 2 | $0 |
| LAWRENCE HERRING | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY HOLLOMAN | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTIAN MOTLEY | DIRECTOR Trustee or director | 2 | $0 |
| ASHLEY SMITH | DIRECTOR Trustee or director | 2 | $0 |
| JASON WILSON | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY WRIGHT | DIRECTOR Trustee or director | 2 | $0 |
| DANNY MURPHY | TRESURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4101 TATES CREEK CENTRE DR STE, LEXINGTON, KY 40517-3066
- Mailing address (990-N for 2023)
- 4101 Tates Creek Centre Dr Ste 150-, Lexington KY 40517
- Principal officer (990 for 2024)
- CLARK WILLIAMS, 4101 TATES CREEK CENTRE DR STE 150, LEXINGTON, KY 40517
- Principal officer (990-N for 2023)
- Daryl Love, 4101 Tates Creek Centre Dr Ste 150-, Lexington KY 40517
- Signed the 990
- CLARK WILLIAMS, PRESIDENT
- Phone
- (859) 233-4146
- Website
- edbrownsociety.org
- Return prepared by
- RADWAN BROWN & COMPANY PSC
Mission
THE ED BROWN SOCIETY IS COMMITTED TO HONORING THE RICH LEGACY OF AFRICAN AMERICANS IN THE EQUINE INDUSTRY WHILE CREATING PATHWAYS FOR ALL YOUNG PEOPLE TO GAIN INDUSTRY EXPOSURE, TRAINING, AND PROFESSIONAL EXPERIENCE.
Program accomplishments
- THE ED BROWN SOCIETY SUPPORTS SCHOLARS AND FELLOWS FROM UNDERPRESENTED BACKGROUNDS WHO DEMONSTRATE ACADEMIC EXCELLENCE AND COMMITTMENT TO CAREER PURSUITS IN THE EQUINE INDUSTRY WITH SCHOLARSHIPS.Expenses $152,760 · revenue $228,430
- ED BROWN RACE DAY EVENTS ARE EVENTS AT ICONIC THOROUGHBRED RACING VENUES ON CHAMPIONSHIP RACE DAYS. THESE EVENTS ARE A COMPONENT OF THE ED BROWN SOCIETY AND PARTNERS TO CULTIVATE A BROADER FAN BASE AND PROMOTE THE SPORT TO A WIDER RANGE OF PROSPECTIVE THOROUGHBRED OWNERS.Expenses $102,124 · revenue $72,284
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 85-2584555
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T01)
- Assets (IRS master file)
- $6,125
- Income (IRS master file)
- $300,714
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $300,714 | $294,589 | $6,125 | XML |
| 990-N for 2023 Officer: Daryl Love | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2584555).
Questions about ED BROWN SOCIETY INC
- What is the EIN of ED BROWN SOCIETY INC?
- The employer identification number (EIN) of ED BROWN SOCIETY INC is 85-2584555.
- Is ED BROWN SOCIETY INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to ED BROWN SOCIETY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ED BROWN SOCIETY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ED BROWN SOCIETY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ED BROWN SOCIETY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ED BROWN SOCIETY INC?
- The 990 for the year ended December 31, 2024 names CLARK WILLIAMS.
- Who are the officers and directors of ED BROWN SOCIETY INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $16,250 (CLARK WILLIMAS, PRESIDENT).
- How much revenue does ED BROWN SOCIETY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $300,714, expenses of $294,589 and total assets of $6,125 at year end.
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